Apple reported third fiscal quarter revenue of $109.42 bln, up 16.4% YoY and
marginally above the $108.65 bln consensus. EPS was $2.02, including $0.11 from
a tariff rebate; adjusted EPS exceeded the $1.89 estimate. iPhone sales rose
21.7% to $54.25 bln, beating the $53.86 bln forecast and setting a Q3 record.
Global memory-chip shortages lifted Mac and iPad prices this quarter, which the
company says prompted earlier iPhone purchases; Apple has not raised iPhone list
prices but the Street generally expects price increases at the September launch.
Greater China revenue was $18.82 bln versus $19.67 bln expected. Apple shares
fell about 4% in after-hours trading.
